28339 Leroy StRomulusMI48174
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Romulus at 28339 Leroy St, Romulus, MI, 48174 earns $217/mo cash flow from $1,305/mo rent with a $808/mo payment. Total monthly income totals $1,305/mo, and annual cash flow totals $2,598/yr on $54,698 capital. ROI tracks 24.66% on current figures, and rental yield reads 9.49% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 128.91% and total cumulative return in cash sums $70,511. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,305/mo property income instead of your personal income.
Single Family
Built in 1972
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48174, Romulus, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,868 (100%) |
| Owner Occupied HU | 9,440 (68.1%) |
| Renter Occupied HU | 3,802 (27.4%) |
| Vacant Housing Units | 626 ( 4.5%) |
| Median Home Value | $203,267 |
| Average Home Value | $220,740 |
Housing Distribution
Address Breakdown
Residential
13,556
Single Family
11,733
Multi-Family
1,823
Businesses
1,056
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices